What are the responsibilities and job description for the INVESTMENT OFFICER III, PUBLIC EMPLOYEES RETIREMENT SYSTEM position at Public Employees Retirement System?
Anticipated Interview Dates: We anticipate holding in-person interviews beginning the week of March 17, 2025. We look forward to meeting with you!
Telework Information: This position is eligible for a hybrid work schedule, with up to two days of remote work and three days or more onsite, per week.
Are you looking for an opportunity to advance your risk management career? Are you ready to work at the largest public pension fund in the United States? CalPERS promotes and supports a culture that builds compliance and ethics awareness into the daily business processes for all program areas.
The Compliance & Risk Lead responsibilities include conducting compliance assurance and monitoring services for CalPERS divisions including Investments, Benefits, and Operations & Technology. The successful candidate will lead efforts to implement the risk framework and conduct compliance monitoring across these divisions, support the risk assessment activities, conduct assurance reviews, identify operational risk, and facilitate issues management.
Duties included, but not limited to:
- Partner with business owners to schedule and conduct periodic horizontal and vertical risk assurance reviews. Identify potential risks that may need to be addressed and work with divisions on action plans. Provide routine updates to management and various committees on monitoring and assurance review results.
- Utilize your expertise in the investment, pension, and financial service industry to implement best practices for monitoring and assurance activities and educate various levels of management along the journey.
- Review risk-specific mitigation plans for identified compliance risks prepared CalPERS divisions.
- Effectively review and provide compliance recommendations and risk-specific mitigation plans for management approval.
- Guide the development of relevant internal controls and provide implementation guidance to program areas.
How did you hear about this position? Tell us in this brief survey.
You will find additional information about the job in the Duty Statement.
Minimum Requirements
You will find the Minimum Requirements in the Class Specification.- INVESTMENT OFFICER III, PUBLIC EMPLOYEES RETIREMENT SYSTEM
Additional Documents
- Job Application Package Checklist
- Duty Statement
Position Details
This position is eligible for an annual incentive award and Charter Financial Analyst (CFA) pay differential. The annual incentive opportunity is 0- 20% of salary and is based on the level of achievement against several quantitative and qualitative measures. Permanent full-time employees who possess certification as a CFA may receive a 5% monthly base pay differential.
Department Information
If you are interested in becoming part of a diverse and inclusive workforce where talent, experience, and expertise are valued, CalPERS invites you to apply for this employment opportunity. To find out more about our Diversity, Equity, and Inclusion efforts, visit our website!
To take a look at CalPERS as a destination employer, view this YouTube video.
Special Requirements
All experience and education relating to the Minimum Qualifications (MQs) listed on the Classification Specification should be included in your application package to clearly demonstrate how you meet the MQs for this position. If you are using education to meet MQs, please include your transcripts with your application package. If you have a degree from outside of the United States, you must submit an evaluation of this degree to determine the US equivalency. If you need an evaluation, you can visit the National Association of Credential Evaluation Services (NACES) website to find organizations that provide these services. The Classification Specification is located on this Job Posting under "Minimum Requirements."
Please Note: You may need to pass an examination to establish list eligibility prior to a final offer of employment. To find and take an exam, visit CalHR’s CalCareers website.
Application Instructions
Completed applications and all required documents must be received or postmarked by the Final Filing Date in order to be considered. Dates printed on Mobile Bar Codes, such as the Quick Response (QR) Codes available at the USPS, are not considered Postmark dates for the purpose of determining timely filing of an application.
Final Filing Date: 2/21/2025Who May Apply
Applications will be screened and only the most qualified applicants will be selected to move forward in the selection process. Applicants must meet the Minimum Qualifications stated in the Classification Specification(s).
How To Apply
Address for Mailing Application Packages
You may submit your application and any applicable or required documents to:
Address for Drop-Off Application Packages
You may drop off your application and any applicable or required documents at:
Required Application Package Documents
The following items are required to be submitted with your application. Applicants who do not submit the required items timely may not be considered for this job:
- Current version of the State Examination/Employment Application STD Form 678 (when not applying electronically), or the Electronic State Employment Application through your Applicant Account at www.CalCareers.ca.gov. All Experience and Education relating to the Minimum Qualifications listed on the Classification Specification should be included to demonstrate how you meet the Minimum Qualifications for the position.
- Resume is optional. It may be included, but is not required.
Desirable Qualifications
- Risk and compliance related work experience
- Experience with investment management, institutional investing, or asset management firms
- Demonstrated experience as an independent contributor as well as leading matrix teams on projects with successful outcomes
- Experience performing data analysis to support internal risk assessments and control reviews
- Experience implementing project or process improvement initiatives
- Excellent verbal presentation and written communication skills
- Excellent problem-solving, analytical, and critical thinking skills to effectively respond to shifting priorities, demands, and timelines
- Solid early problem recognition skills with the ability to identify and clearly communicate on proactive basis
- Experience handling multiple high-priority deliverables with attention to detail
Benefits
Some added benefits CalPERS offers include:
- Alternate Work Schedules
- Flexible Work Hours
- Onsite childcare facility
- Onsite fitness center
- Onsite café and nearby restaurants
- Free onsite parking available Mondays and Fridays, subject to change
- Free offsite parking available with shuttle service Tuesdays, Wednesdays and Thursdays
Contact Information
The Human Resources Contact is available to answer questions regarding the position or application process.
Human Resources Contact:
HRSD Selection Services
(916) 795-2444
Recruitment@calpers.ca.gov
Please direct requests for Reasonable Accommodations to the interview scheduler at the time the interview is being scheduled. You may direct any additional questions regarding Reasonable Accommodations or Equal Employment Opportunity for this position(s) to the Department's EEO Office.
EEO Contact:CalPERS EEO
(916) 795-3675
EEO@calpers.ca.gov
California Relay Service: 1-800-735-2929 (TTY), 1-800-735-2922 (Voice) TTY is a Telecommunications Device for the Deaf, and is reachable only from phones equipped with a TTY Device.
Additional Information
Live Scan
Candidates not currently employed at CalPERS are required to submit to a criminal history review process utilizing Live Scan fingerprinting.
CalPERS Disclosure Requirements
If employed, you may be subject to rules imposed by Personal Trading Regulations and Conflict of Interest Code that apply to CalPERS team members, which require disclosure of certain investment information and use of a designated trading platform for securities transactions, as well as filing a Statement of Economic Interest (Form 700)
Sponsorship
This position is not eligible for visa sponsorship. Applicants must be authorized to work in the US without the need for a visa sponsorship now or in the future.
Surety Bond
Must be able to qualify for a Surety Bond.
Please do not include any confidential information on any documents in your application package. Confidential information that should be excluded or removed from these documents includes, but is not limited to, your social security number, date of birth, marital status, personal photos, a copy of your driver’s license, equal employment opportunity data, examination scores, and LEAP status.
Equal Opportunity Employer
The State of California is an equal opportunity employer to all, regardless of age, ancestry, color, disability (mental and physical), exercising the right to family care and medical leave, gender, gender expression, gender identity, genetic information, marital status, medical condition, military or veteran status, national origin, political affiliation, race, religious creed, sex (includes pregnancy, childbirth, breastfeeding and related medical conditions), and sexual orientation.
It is an objective of the State of California to achieve a drug-free work place. Any applicant for state employment will be expected to behave in accordance with this objective because the use of illegal drugs is inconsistent with the law of the State, the rules governing Civil Service, and the special trust placed in public servants.
